Investing doesn’t sound easy. That’s because, in the past, it meant meeting with an advisor to pick your investments. Then, you had to meet regularly in order to learn about those investments.
Computers have made it easier to invest, but nothing makes investing easier than mobile apps! Especially since apps today have such sleek designs.
Whether you have a few bucks you want to invest or you have thousands of dollars, make sure you check out these popular apps for investing your cash.
Acorns has been in the news for a few years. That’s because it has been able to save its users tens of millions of dollars.
This app is perfect for people who only have a few dollars here and there to invest. All you have to do is link your credit and debit cards to the app. Then, it automatically rounds up your purchases and invests that money in a diversified portfolio that’s chosen by an expert.
You don’t have to do any thinking or planning at all. However, they do charge a small fee, so you’ll only get the most out of this app if you make credit and debit card purchases regularly.
If investing pennies sounds like a waste of time, or if you want to have a little more control over exactly what you invest in, consider Stash instead.
You can start with just $5, but because you can transfer money into your account instead of waiting for your next debit card transaction, you can invest hundreds or even thousands of dollars.
You also have the ability to do your own investing. However, that doesn’t mean that you’re left to do all the research on your own. This app provides you with investment recommendations that allow you to make the best choices for your particular investment style.
If you’re looking for more of an investment management tool, consider SigFig. All you have to do is:
- Sign up to use the app
- Complete a risk profile questionnaire
- Confirm your investment plan
- Fund your account
Use their investment advice engine and receive up-to-date market news that will help you make sound investment choices with your money.
Fidelity is a huge name in the investment world. Not only can you set up your own Fidelity account, but many employers choose this company for their 401K plans. It’s a good app choice if you already have an account, or if you’re ready to graduate from beginner app saving programs.
The Fidelity app allows you to trade and track your own accounts on the go. It includes money management tools, advanced charting, and daily market videos. The app also offers bill pay capabilities for some accounts and you can transfer funds using an external bank account.
Don’t put off investing for another day! Especially when it’s so easy. With these app ideas, you can start investing your cash no matter how much of it you have.